Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- The FAA said it is "closely monitoring" Boeing 737 MAX inspections to look for a possible loose bolt in the rudder control system [read more]
- Chinese smartphone maker Xiaomi (XIACY) showed off its first electric vehicle, which it touted as having "super electric motor" technology capable of delivering acceleration speeds faster than Tesla (TSLA) cars [read more]
- HG Vora Capital Management disclosed the economic equivalent of an 18.5% position in Penn Entertainment's (PENN) common stock and said it is in talks with the casino operator about placing directors on the company's board [read more]
- In other activist news, Reuters says Ancora is preparing to challenge the board of Harmonic (HLIT) [read more]
- NeoGenomics (NEO) shares are down after Natera (NTRA) said a federal District Court issued a preliminary injunction enjoining the RaDaR assay [read more]
2. WALL STREET CALLS:
- Wedbush ups Microsoft (MSFT) target to $450 ahead of "iPhone Moment" [read more]
- Northcoast upgraded WisdomTree (WT) citing a "more resilient" business model [read more]
- HSBC initiated coverage of Chubb (CB) with a Buy rating and Travelers (TRV) with a Hold as it rolled out coverage of U.S. non-life insurers [read more]
- CL King initiated coverage of Tennant (TNC) with a Buy rating [read more]
- H.C. Wainwright added three "smallish" bitcoin miners to its coverage list [read more]
3. AROUND THE WEB:
- General Motors (GM) is suing San Francisco, alleging the city unfairly taxed the company $108M over seven years, Bloomberg says [read more]
- Microsoft's (MSFT) LinkedIn has seen its annual advertising revenue rise as brands look to shift spending from Elon Musk's X, Financial Times reports [read more]
- Anglo American (NGLOY) is interested in the sale of 49% stake of its fertilizer mine being built under North York Moors National Park, Daily Mail says [read more]
- Social media firms, including Google's (GOOGL) YouTube and Meta's (META) Instagram and Facebook, collectively generated more than $11B in U.S. advertising revenue from children last year, Business Insider reports [read more]
- UnitedHealth (UNH) is said to use secret rules to restrict access to rehabilitation care requested by specific groups of seriously ill patients, STAT says [read more]
4. MOVERS:
- TeraWulf (WULF) increases after providing a business update [read more]
- Sidus Space (SIDU) higher after filing to sell 197K shares of its stock [read more]
- Hanesbrands (HBI) lower after UBS said it was not bullish on the company's possible divestiture of Champion [read more]
- Hut 8 Corp. (HUT) declines after CEO Jaime Leverton sold $1.4M of its stock [read more]
- Coinbase (COIN) falls after announcing its director sold $7.7M in stock [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
Near midday, the Dow was up 55.56, or 0.15%, to 37,712.08, the Nasdaq was up 22.95, or 0.15%, to 15,122.13, and the S&P 500 was up 6.54, or 0.14%, to 4,788.12.